Bond Issue 2016

The City of League City is proposing to fund projects identified in the 2016 to 2020 Capital Improvements Plan through Certificates of Obligation.

This recommendation provides the lowest issuance cost by combining tax and revenue supported projects into one issue. Authorization to secure a Certificate of Obligation will provide League City with the lowest interest rate and require no separate reserve fund.

Includes a 4,550 LF of 12-inch sewer, a lift station, and 600 LF of 8-inch force main along the future Bay Area Boulevard extension

Estimated total project cost is $1.38 million. Funding for project design in FY 2016 is $206,645.

More Information

The Certificates of Obligation would total $13.65 million if approved. This includes $9.6 million for tax supported projects, $3.9 million for revenue supported projects and $150,000 for the cost of issuance.

Public hearings are set for May 24, 2016 and July 12, 2016 at 6 p.m. in City Council Chambers.